Sharp Chucks and Machines (NSE:SCML) Days Inventory : 154.32 (As of Mar. 2023)

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What is Sharp Chucks and Machines Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sharp Chucks and Machines's Average Total Inventories for the six months ended in Mar. 2023 was ₹578 Mil. Sharp Chucks and Machines's Cost of Goods Sold for the six months ended in Mar. 2023 was ₹1,367 Mil. Hence, Sharp Chucks and Machines's Days Inventory for the six months ended in Mar. 2023 was 77.16.

The historical rank and industry rank for Sharp Chucks and Machines's Days Inventory or its related term are showing as below:

NSE:SCML' s Days Inventory Range Over the Past 10 Years
Min: 154.32 Med: 157.31 Max: 175.41
Current: 154.32

During the past 3 years, Sharp Chucks and Machines's highest Days Inventory was 175.41. The lowest was 154.32. And the median was 157.31.

NSE:SCML's Days Inventory is ranked worse than
63.87% of 2912 companies
in the Industrial Products industry
Industry Median: 120.56 vs NSE:SCML: 154.32

Sharp Chucks and Machines's Days Inventory declined from Mar. 2021 (175.41) to Mar. 2023 (154.32).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sharp Chucks and Machines's Inventory Turnover for the six months ended in Mar. 2023 was 2.37.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Sharp Chucks and Machines's Inventory-to-Revenue for the six months ended in Mar. 2023 was 0.33.

Sharp Chucks and Machines Days Inventory Historical Data

The historical data trend for Sharp Chucks and Machines's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sharp Chucks and Machines Days Inventory Chart

Sharp Chucks and Machines Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

175.41

157.31

154.32

Sharp Chucks and Machines Semi-Annual Data
	Mar21	Mar22	Mar23
Days Inventory	175.41	157.31	154.32

Competitive Comparison of Sharp Chucks and Machines's Days Inventory

For the Specialty Industrial Machinery subindustry, Sharp Chucks and Machines's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sharp Chucks and Machines's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sharp Chucks and Machines's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sharp Chucks and Machines's Days Inventory falls into.

Sharp Chucks and Machines Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Sharp Chucks and Machines's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (509.149	+	646.469)	/	2 )	/	1366.639	*	365
=	577.809					/	1366.639	*	365
=	154.32

Sharp Chucks and Machines's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (509.149	+	646.469)	/	2 )	/	1366.639	*	365 / 2
=	577.809					/	1366.639	*	365 / 2
=	77.16

Sharp Chucks and Machines (NSE:SCML) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Sharp Chucks and Machines's Inventory Turnover for the six months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1366.639	/	577.809
	=	2.37

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Sharp Chucks and Machines's Inventory to Revenue for the six months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	577.809	/	1764.497
	=	0.33

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Sharp Chucks and Machines Days Inventory Related Terms

Thank you for viewing the detailed overview of Sharp Chucks and Machines's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Sharp Chucks and Machines (NSE:SCML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sharp Chucks and Machines Ltd (NSE:SCML) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-12, Industrial Development Colony, Jalandhar, PB, IND, 144012

Website

https://www.sharpchucks.com

Sharp Chucks and Machines Ltd is engaged in manufacturing forging products, casting products and machined components, that finds application in diverse industry, such as tractor, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc.

Sharp Chucks and Machines (NSE:SCML) Headlines

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